Over the past year, the market in general has seen a consistent trend upwards especially in land sales. The North End (Area 1) and Midtown (Area 2) have seen values rise to record prices for teardowns or empty lots rivaling the PPSF of the Estate Section (Area 3). Many Buyers have become frustrated with the lack of acceptable inventory which has brought developers back into the market. It looks to be a steady summer with a lot of construction. If you would like to have a more in-depth discussion about a specific property or area, please don’t hesitate to call me at 561.262.0856 otherwise I hope you enjoy this report.
